My five slam-dunk sells for 2022, Tern plc (TERN), Barkby (BARK), Trafalgar Property (TRAF) and URU Metals (URU) of the AIM Casino, and sub-Standard-Listed AIQ (AIQ), were heading nicely towards a clean sweep, with four winners out of five at the end of September. As Tern heads for a desperate cash crisis within weeks, how are the scores-on-the-doors this month?

I have been an uber-bear on sub-Standard and TSXV-listed Pure Gold (PUR and TXSV:PGM) ever since first writing about it in April of this year – and that from a Gold-bull. This morning we had news that has me racing for the Ouzo cupboard for my breakfast.

Following a ridiculous rise in the shares of sub-Standard-Listed AIQ (AIQ), I have been expecting the forces of gravity to reassert and pull them down from a peak of over 19p. Gravity duly obliged over the last week, dropping AIQ’s confetti to 15p at the weekend, but now they have dropped again to 13p after the company handed out a load of 1p warrants. Normally I would shout and scream about pigs in the trough if warrants were issued at 1p when the shares were trading at 15p, or 13p at which they closed. But this is different.

Sub-Standard-Listed Cloudbreak Discovery (CDL) shares have had an eventful existence since IPO in June last year. Listed at 3p, the stock collapsed down to around 1.4p within six months before an unusual series of boardroom trades ramped the shares up as high as 13.25p in March – when the company got a smash’n’grab placing away at 7.5p. Now they are down at just 1.425p: what on earth is going on?

On 21 July 2022, sub-Standard-Listed Predator Oil and Gas (PRD) released an RNS detailing a share sale. Given the coverage to date from Tom Winnifrith on this fine website regarding this company, that may be hardly a surprise. But the sale was effectively by the Executive Chairman. Is it time to hoist another Red Flag?

I cannot help but notice that sub-Standard-Listed Cloudbreak Discovery (CDL) is back below its IPO price of 3p, at 2.8p in the middle. Call me Mystic Meg – for having sailed up as high as 13.25p on a ridiculous ramp, I commented in April that the shares have since drifted down to just 4.6p and seem set to drop back below the IPO price in due course. Where’s my Ouzo?

As we reach the end of month five – we are almost half way – here is the latest from my small-dunk sells for this year. The biggest feature of the portfolio is that all the companies need to rattle the tin and whilst that has been less of a problem during the everything bubble, market conditions are deteriorating fast. So I expect a few accidents in the coming months.

I ask this in relation to sub-standard-listed BSF Enterprise (BSFA), whose last accounts – full-year to September 2021 – showed £359,868 of cash and cash equivalents, and net assets of £364,816 having reported a loss of £58,325  on no income, which would have been a loss of £110,669 but for a VAT reclaim. Perhaps, given it had no business at the time, it was worth £364,816. Or perhaps we should allow for more losses going forward and mark it at around £300,000.

Having posted my thoughts on sub-Standard-listed Pure Gold (PUR) - dual listed in Toronto (TSXV: PGM) - over the bank holiday weekend, today we had an update from the company. And it was not good - my conclusion at the weekend was that it was more a case of Fool’s Gold than Pure Gold and this morning I was totally vindicated. Is it time for an Ouzo already?

I am asked what I think of Pure Gold (TSXV:PGM and PUR on the sub-standard list). Obviously as a Gold play it ticks my main box, but is it making any money for its current market capitalisation – according to Google - of C$71 million (around £43 million) which puts it at a similar size to AIM-listed Ariana Resources (AAU) which is currently valued at £52 million.

Standard-listed Cloudbreak Discovery (CDL) has announced its Interims to 31 December 2021 this morning, the 4^th of April. If you think that is a tad late, you would be right, for the deadline was last Thursday – three months after period end – and as far as I know the shares should therefore have been suspended. But the Standard List is regulated (no sniggering at the back….) by the FCA. As for the numbers, they are a horror show for anyone who can use a calculator.

Sub-Standard-listed AIQ, the baby of Andrew Monk’s VSA Capital and Standard List posterboy for all that can go wrong, announced this morning that its IT consultancy business (what’s left of it) has been awarded a contract to supply an NFT marketplace, and that it has established partnerships with two suppliers. Big news……or not!

It was announced intra-day yesterday that sub-Standard Listed Cloudbreak Discovery (CDL) had raised £1.5 million (before expenses) in discounted placing at 7.5p a pop. This follows the miraculous rise of the shares which started ahead of the announcement of boardroom buying, which saw the shares rocket from around 1.75p to as high as over 13p yesterday, just before the announcement.

After yesterday’s FY results were released by sub-Standard listed AIQ (AIQ) I pointed out that the recent insiders convertible loan was, we were told yesterday, at a ludicrous interest rate of 5% per day. The usual form for auditing accounts is that the auditors audit not only the numbers in the financial statements, but the notes as well. Yet later that day, the company had to ‘fess up that it had got it all wrong. Talk about being unable to organise a piss-up in a brewery!

Sub-Standard-Listed Cloudbreak Discovery (CDL) added yet more Red Flags to its profile this morning on the release of an RNS at 7a this morning entitled “Final Results for the Year Ended 30 June 2021”. Just for a start, releasing FY numbers during no-one-is-watching week as investors are away from their desks between Christmas and New Year is an automatic Red Flag. But the RNS did not contain the results – only a management summary, telling the reader that “A full copy of the results is available on the company website”. Except at 7.30am this morning, that was not the case.

Sub-Standard-Listed Cloudbreak Discovery (CDL), which rushed its way onto the Standard List  only in June as Imperial X (IMPP) before it had even managed to change its name amid a forest of Red Flags, has announced an industrial trough-load of options for directors, PMDRs and other staff. Its nice to be valued, but what about the shareholders?

Having been hanging around and burning the little cash it raised at IPO since July 2019, sub-Standard listed BSF Enterprise (BSFA) has announced a possible RTO and its shares have been suspended. The possible target is 3D Bio-Tissues Limited, a spin out from Newcastle University specialising in biological tissue production for clinical and consumer use. But there’s a nest of snakes here…

I have said before that some people are just in the wrong place at the wrong time. Well, actually, just one. This is with regard to sub-Standard-Listed BSF Enterprise (BSFA) and its new NED as announced this morning.

Shares in sub-Standard Listed Cloudbreak Discovery (CDL) have dropped to another new low this morning of 2.275p – as against the IPO price only last month at 3p. It’s not looking good, especially as today’s decline accompanied a ramptastic RNS. Again!

I suggested that having dropped below its IPO price back in June at 3p, sub-Standard Listed Cloudbreak Discovery – nee Imperial X – (CDL) would struggle. Having peaked at 5.5p, the stock is now down to just 2.6p. Shall I save the Ouzo for the footie on Sunday?

Imperial X listed on the sub-Standard List back on June 3^rd at 3p per share. The shares quickly rushed up to 5.5p but the share price chart shows a ski-slope ever since, despite a series of ramptastic announcements and a name-change to Cloudbreak Discovery (CDL). This morning we have another ramparoonie……

It seems to me that the less substance there is to an investment on AIM or the sub-Standard List the better it is doing. If you have no cash and no revenue your shares will soar! It is so 1999-2000. All we need is for Alan Greenspan Jerome Powell to warn of irrational exuberance and we will be all set for another big crash.